Bel Fuse completed the acquisition of an 80% stake in Enercon Technologies from Fortissimo Capital for $320m.

Bel Fuse, a manufacturer of electronic circuits, completed the acquisition of an 80% stake in Enercon Technologies, a networking solutions provider to aerospace and defense markets from Fortissimo Capital, a private equity firm, for $320m. "The acquisition of Enercon will extend Bel’s Power segment into the aerospace and defense end markets, deepening our partnership with customers who support critical applications. The addition will result in 30% of Bel’s Power segment revenue and approximately 37% of consolidated Bel revenue supporting the aerospace and defense end markets. We are excited to work with the Enercon management team and Fortissimo in growing the business in the years to come," Daniel Bernstein, Bel CEO.